AUD/USD – 30M – BUYMoreover a ‘Double top retreat up’ chart layout is detected. The chart shows ‘Double top retreat up’. this is a bullish pattern signal. The currency pair is likely to go up.
The currency pair Australian Dollar/US Dollar (AUD/USD) moves from the descending trendline up.
A bullish trend upwards to the next resistance level at 0.70969 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.70132 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three White Soldiers’ candle pattern is existing. The candles show ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.71467 |
| 2nd High | 0.71443 |
| Next High | 0.70969 |
| Current Price | 0.70758 |
| Next Low | 0.70132 |
| 2nd Low | 0.70075 |
| 3rd Low | 0.68966 |
0.70969 – 0.71443 – 0.71467 – 0.70753 – 0.71046 – 0.71187 —
0.70913 – 0.70613 —
43.688147966519 – 32.125487308347 —
– —
0.70969 – 1770953400
Trading Signals: FOREX – AUD – AUD/USD – USD – Three White Soldiers – Double top retreat up – – – – – – – –